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Nonprofiteer
← ECHOING RIDGE RESIDENTIAL INC

Form 990 for tax year 2022

Filed by ECHOING RIDGE RESIDENTIAL INC.

Totals

Total revenue
$612,646
Total expenses
$60,831
Contributions and grants received
$44,958
Grants paid
$0
Program service revenue
$8,772
Investment income
$558,556
Other revenue
$360
Total assets, end of year
$433,066
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$433,066
Program services expenses (Part IX)
$55,507
Management and general expenses
$5,324
Fundraising expenses
$0
Program service expenses (Part III)
$55,507

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $44,958

  • 2a · Program service revenue: RENTAL INCOME - APTS

    total $8,772 · related or exempt $8,772

  • 3 · Investment income

    total $8 · excluded $8

  • 7a · Gross sales of assets other than inventory

    other assets $900,000

  • 7b · Less cost or other basis and sales expenses

    other assets $341,452

  • 7c · Gain or loss

    other assets $558,548

  • 7d · Net gain or loss

    total $558,548 · excluded $558,548

  • 11a · Other revenue: MISCELLANEOUS

    total $360 · excluded $360

  • 11e · Other revenue, total

    $360

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,060 · program services $1,294 · management and general $3,766

  • 9 · Other employee benefits

    total $5,124 · program services $3,625 · management and general $1,499

  • 10 · Payroll taxes

    total $583 · program services $583

  • 11a · Fees: management

    total $1,432 · program services $1,432

  • 11b · Fees: legal

    total $6,494 · program services $6,494

  • 11c · Fees: accounting

    total $17,325 · program services $17,325

  • 13 · Office expenses

    total $411 · program services $352 · management and general $59

  • 16 · Occupancy

    total $15,729 · program services $15,729

  • 22 · Depreciation, depletion and amortization

    total $8,019 · program services $8,019

  • 24a · Other expenses: MISCELLANEOUS OPERATING

    total $654 · program services $654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $551 · end of year $389,538

  • 2 · Savings and temporary cash investments

    beginning of year $70,055 · end of year $0

  • 4 · Accounts receivable

    beginning of year $602 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,370 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $255,808

  • 15 · Other assets

    beginning of year $3,508 · end of year $43,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,574

  • 23 · Secured mortgages and notes payable

    beginning of year $416,868

  • 25 · Other liabilities

    beginning of year $30,201 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$118,749 · end of year $433,066

Mission and programs · 2022

Mission

PROVIDES A 20 UNIT RESIDENTIAL FACILITY FOR PHYSICALLY HANDICAPPED INDIVIDUALS.

Activities or mission (Part I)

PROVIDES RENTAL UNITS FOR PHYSICALLY HANDICAPPED INDIVIDUALS.

  • PROVIDED A 20 UNIT RESIDENTIAL FACILITY FOR PHYSICALLY HANDICAPPED INDIVIDUALS, UNTIL MARCH 2022 WHEN THE PROPERTY AND OPERATIONS WERE SOLD TO A THIRD PARTY. THE ORGANIZATION IS REVIEWING FUTURE FUNDING OPPORTUNITIES TO SUPPORT THEIR MISSION.

    Expenses $55,507 · Revenue $8,772

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Alder

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • D Cordell Brown

    DIRECTOR

    Total calculated
    $65,656
    From this org
    $0
    From related orgs
    $50,656
    Other
    $15,000
    Hours/week
    1 + 19 related

  • Jaclyn Collins

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phil Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Russell Marty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katherine Fredericka

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Neville

    PRESIDENT/CEO

    Total calculated
    $239,499
    From this org
    $1,517
    From related orgs
    $224,918
    Other
    $13,064
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $1,517 + $224,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13 + $1,932 related
    Nontaxable benefits
    $74 + $11,045 related
    Filer's total
    $1,604 + $237,895 related

  • John Swanson

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $189,026
    From this org
    $1,107
    From related orgs
    $164,181
    Other
    $23,738
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $1,107 + $164,181 related
    Bonus
    $0
    Other
    $0
    Deferred
    $10 + $1,546 related
    Nontaxable benefits
    $149 + $22,033 related
    Filer's total
    $1,266 + $187,760 related

  • Mark Snyder

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $46,407
    From this org
    $311
    From related orgs
    $46,096
    Other
    $0
    Hours/week
    1 + 39 related

  • Ray Schmidt

    EXECUTIVE VP OF CPO

    Total calculated
    $173,610
    From this org
    $984
    From related orgs
    $145,836
    Other
    $26,790
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $984 + $145,836 related
    Bonus
    $0
    Other
    $0
    Deferred
    $10 + $1,515 related
    Nontaxable benefits
    $169 + $25,096 related
    Filer's total
    $1,163 + $172,447 related

  • Mary Ann Anderson

    DIRECTOR OF FINANCE

    Total calculated
    $123,885
    From this org
    $749
    From related orgs
    $110,991
    Other
    $12,145
    Hours/week
    1 + 39 related

  • Zachary Haughawot

    DIRECTOR OF SAFETY AND COMPLIANCE

    Total calculated
    $117,366
    From this org
    $779
    From related orgs
    $115,535
    Other
    $1,052
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1, LINE 13
ECHOING RIDGE RESIDENTIAL RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • BUCKEYE MANOR LP

    $900,000

    Disposition · PROPERTY AND EQUIPMENT AND RELATED HUD DEBT · Mar 10, 2022 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202302409349300770

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